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Inflation in retirement

See how inflation affects retirement income planning and long-term spending power.

Inflation is easy to underestimate because its impact is gradual, but retirement planning spans decades.

1

Guide section

Why inflation matters more in retirement

Retirement spending often lasts 25 to 35 years, which gives inflation plenty of time to erode purchasing power.

Even modest long-run inflation can materially change what a fixed dollar amount actually buys.

2

Guide section

How to model it well

It helps to separate nominal returns from inflation instead of mixing them loosely.

That makes it easier to compare assumptions and understand what is happening inside the model.

Bottom line

Where this guide should leave you

Inflation is not a side note in retirement planning. It is one of the main forces any long-horizon withdrawal plan needs to respect.

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